Pickett Street

All the things short sales are. And those that they are not.

Pickett Street Properties Team — Thu, 29 Jul 2010 03:25:14 +0000

DISCLAIMER: This was initially published as part of an email newsletter to my clients. It made the rounds, and I was asked to post it on the blog to make it more accessible.

I wish that there were more short sale jokes – in the same way that there are lawyer jokes, blonde jokes, or jokes about North Dakota. This would mean that there was at least a level of understanding about short sales that was shared among a large group of people. And it would mean that there was something humorous about the process…

I’ve had a couple of painful weeks with short sales. Most real estate agents don’t handle short sale transactions because they (1) take a long time (2) pay less money and (3) are frustrating beyond measure. When some of my own clients were faced with the possibility of having to short sale, I decided to educate myself on short sales to ensure that they received the same measure of customer service as my other clients. Negotiating short sales is a lot like navigating a minefield…only it’s on a giant treadmill where the environment is constantly changing, and the threat of danger has to be reassessed and evaluated on a constant basis.

Having a good real estate agent that is familiar with the short sale process is important, but sometimes that’s not enough. Banks have policies and procedure, and no amount of reality will get them to change these. Because many real estate agents list short sale properties too low, banks have been forced to have values confirmed by at least two other real estate agents, sometimes even an appraiser or two. If even one of these evaluations comes in unrealistically high, there is nothing that can be done to convince the bank that the home you have listed for $230,000 is not worth $260,000, nor has it been worth that much since 2008.

I spoke to a real estate agent recently that was doing an evaluation on one of my short sale listings. He told me that he did over 2,000 of these evaulations in the past year. I did some research and found that this agent hadn’t sold a single home in 12 months. As far as I’m concerned, he doesn’t really know what it takes to sell a home in our current market, yet the bank is going to give his evaluation more weight than anything I have to say, even though our team has sold 40 homes in the last six months.

Point is – short sales aren’t funny. Or logical. In most cases they are a better option than foreclosure, and even though I’ve never had any of my short sale not sell before foreclosure, the bank’s unmoving resistance to reason is going to result in more foreclosures and fewer successful short sale closings.

So how does a real estate team embrace this certain change? By adding an auction service to their repertoire. Acknowledging that more and more properties will be going to auction, we have added a member to our team that will allow our buyers and investors to buy homes at the county auction. Because homes at auction have to be purchased with cash, most people are restricted from taking advantage of the opportunities that can be found on the courthouse steps. John McCants is the newest member of Pickett Street Properties, and he’s been helping people grow their wealth for years by purchasing properties at auction. With his addition to our team, and the partnerships that he brings with him, our clients too will be able to buy properties at auction with John’s expertise and experience behind them. If this is something that you’d be interested in learning more about, or if you know someone that would be interested, drop me an email or give me a call to set up a meeting with myself and John.

NEW LISTING: Snohomish Rambler

Dennis S. Pearce — Thu, 22 Jul 2010 20:24:38 +0000

First-time homebuyers-here’s a full 1/2 acre to call your own! Nestled on a level, garden-ready country lane parcel, this 1438 square foot rambler offers the perfect ‘running start’! Three bedrooms, two full bathrooms and a roomy kitchen with granite tiled counters, and newer appliances. A spacious great room joins the living, dining, and kitchen areas into one large, inviting space. Fruit trees, garden space, fenced backyard, and outbuildings mean there’s room to stretch, breath and relax.

List Price: $250,000
MLS#: 107096
Address: 810 135th Ave SE, Snohomish WA 98290
Bedrooms: 3
Bathrooms: 2
Square Feet: 1438
$/Square Ft: $173.85
Lot Size: 0.50
Year Built: 1973
Taxes: $2621
To download the property flyer as a PDF, click on the link: SnohomishRambler.pdf

Call Dennis Pearce at 206-931-9945 for more information.

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NEW LISTING: Short sale home in Bellevue across from Kelsey Creek Park

Jesse D. Moore — Sat, 10 Jul 2010 13:23:25 +0000

Located in the Wilburton neighborhood of Bellevue, this two-story home is a rare opportunity to live only minutes from downtown Bellevue & directly across the street from Kelsey Creek Park. Hardwood floors on two levels, including all four upstairs bedrooms, formal dining room & living room with fireplace. Views of the 160-acre park from most rooms, but none better than those from the custom windows in the master bedroom. Your chance at rural serenity in an urban locale!

List Price: $475,000
MLS#: 99919
Address: 12927 SE 6th Place, Bellevue Wa 98005
Bedrooms: 4
Bathrooms: 2.25 baths
Square Feet: 1900
$/Square Ft: $257.89
Lot Size: 9345 sq ft
Year Built: 1965
Taxes: $3817
School District: Bellevue
Elementary School: Woodridge Elementary
Middle School: Chinook Middle School
High School: Bellevue High School
To download the property flyer as a PDF, click on the link: Wilberton.pdf

Call Jesse Moore at 425.876.0766 for more information.

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NEW LISTING! Home.Horses.Hobbies!

Dennis S. Pearce — Thu, 08 Jul 2010 16:56:30 +0000

Blow up your TV, Throw away the paper, move to the Country! Escapees from the Urban Jungle will appreciate 3.22 gently rolling acres of solitude in this 2293 square foot 3 bed, 2.5 bath 2-story home with an additional 836 square feet of unfinished daylight basement. Built in 1988 and boasting a Handyman’s Dream 3-bay detached shop with 100A/220V service, in addition to the attached 2-car garage, this superb home also offers a huge entertainment-sized deck and 2+ Acres of Equestrian potential.

List Price: $435,000
MLS#: 99955
Address: 15209 Utley Road, Snohomish WA 98290
Bedrooms: 3
Bathrooms: 2.5
Square Feet: 2293
$/Square Ft: $189.71
Lot Size: 3.22 Acres
Year Built: 1988
Taxes: $4543
School District: Snohomish
Elementary School: Machias Elementary
Middle School: Centenial Middle School
High School: Snohomish High School
To download the property flyer as a PDF, click on the link: UtleyRoad.pdf

Call Dennis Pearce at 206-931-9945 for more information.

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NEW LISTING: Lynnwood condo, a gardener’s oasis

Dennis S. Pearce — Thu, 08 Jul 2010 16:53:57 +0000

Ideally located for Seattle or Everett commuters, this bright and cheery 3 bed, 2.5 bath condo enjoys a quiet setting complete with a private, fenced patio, water feature and space for gardening and contemplation. A tiled front entry, dedicated laundry room in the unit, plus an attached 1-car garage combine to make this 1334 sf of townhome-style condo a quiet, functional retreat. Enjoy all the benefits of a 10-unit intimate community with easy access to shopping, freeways and transit.

List Price: $230,000
MLS#: 99953
Address: 15511 35th Ave W #E, Lynnwood WA 98087
Bedrooms: 3
Bathrooms: 2.5
Square Feet: 1334
$/Square Ft: $172.41
Lot Size: 0.654 sq ft
Year Built: 1999
Taxes: $2492
To download the property flyer as a PDF, click on the link: LynnwoodCondo.pdf

Call Dennis Pearce at 206-931-9945 for more information.

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NEW LISTING: Gardeners Haven in Woodinville

Pickett Street Properties Team — Thu, 24 Jun 2010 19:12:24 +0000

Gardeners Haven! Tranquility, space, and a superb corner lot make this 4 bed, 3 bath, 3750 sq ft Aspenwood home a truly remarkable retreat from the city. Boasting a densely landscaped lush 1/2 acre complete with fern grotto, water features, flagstone patios, and trellises, this home offers an oasis of Northwest gardening delights. Multiple bonus rooms accommodate a myriad of uses, while generous cathedral ceilings and abundant natural light combine for a sense of bright, elegant space.

List Price: $725,000
MLS#: 93156
Address: 21738 NE 201st Ct, Woodinville WA 98077
Bedrooms: 4
Bathrooms: 3
Square Feet: 3750
$/Square Ft: $193.33
Lot Size: .548 acre
Year Built: 1995
Taxes: $8,187
School District: Northshore
Elementary School: East Ridge Elementary
Middle School: Timbercrest Junior High
High School: Woodinville High
To download the property flyer as a PDF, click on the link: GardenersHaven.pdf

Call Dennis Pearce at (206)931-9945 for more information.

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NEW LISTING! 3-Bedroom Townhome near Silver Lake

Jesse D. Moore — Mon, 21 Jun 2010 20:33:41 +0000

Unique opportunity to own a 3 bedroom townhome near Silver Lake. Exceptional floorplan with ground floor entry, spacious kitchen & large living room with a gas fireplace, vaulted ceilings, skylights, and a slider that opens to patio and lawn. Enjoy ambient sound in the dining room, which also has built-in hutch & sliding window that opens to 2nd patio. Master bedroom with vaulted ceilings, bay-window (with bench), master bath & double closets. Attached garage & close proximity to transit & Silver Lake.

List Price: $192,500
MLS#: 90704
Address: 2001 120th SE #4-105, Everett WA 98208
Bedrooms: 3
Bathrooms: 2.25
Square Feet: 1318
$/Square Ft: $159.33
Year Built: 1999
Taxes: $2,283
School District: Everett
To download the property flyer as a PDF, click on the link: SilverLakeCondo.pdf

Call Jesse Moore at 425.876.0766 for more information.

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NEW LISTING! Kirkland Remodel!

Pickett Street Properties Team — Mon, 21 Jun 2010 19:05:41 +0000

Welcome Home to a completely remodeled jewel. You’ll love the extensive upgrades: hardwood floors, custom granite, tile & millwork. Beautiful kitchen with skylight, granite slab counters & stainless steel appliances. Spacious Living Room has vaulted ceilings & spectacular stone fireplace with wood mantle. The dining room opens onto deck overlooking backyard. Master suite with private bath. Lower level family room is large, with wet bar, 2 sitting areas & a slider to the fully fenced backyard. Hurry home!

List Price: $625000
MLS#: 90685
Address: 1605 5th Place, Kirkland WA 98033
Bedrooms: 4
Bathrooms: 2.25
Square Feet: 1900
$/Square Ft: $328.95
Year Built: 1979
Taxes: $4,952
School District: Lake Washington
To download the property flyer as a PDF, click on the link: KirklandRemodel.pdf

Call Andy O’Shea at 425.422.3642 for more information.

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NEW LISTING! Murray Franklin resale in Maltby

Jesse D. Moore — Fri, 18 Jun 2010 20:12:23 +0000

Murray Franklin resale home on a large lot in Maltby with over 3,400 sq ft of living space. Remodeled kitchen w/ granite countertops & cooktop island. Formal living & dining rooms, family room, bonus/den & lofted media room. 4 bedrooms, including master bedroom w/ territorial view, recently remodeled 5-piece master bathroom & walk-in closet. Modified crawlspace w/ wine cellar & small wood shop. Huge deck overlooks expansive backyard, which backs to protected greenbelt. RV parking with hook-ups.

List Price: $565,000
MLS#: 90033
Address: 19912 97th Ave SE, Snohomish WA 98296
Bedrooms: 4
Bathrooms: 4
Square Feet: 3416
$/Square Ft: $165.40
Lot Size: 0.64 Acre
Year Built: 1993
Taxes: $5374
School District: Monroe
Elementary School: Maltby Elementary
Middle School: Hidden River Middle School
High School: Monroe High School
To download the property flyer as a PDF, click on the link: Maltby.pdf

Call Jesse Moore at 425.876.0766 for more information.

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NEW LISTING! Mini-equestrian home on 2.2 acres on Union Hill in Redmond

Jesse D. Moore — Fri, 18 Jun 2010 17:18:32 +0000

Situated on a beautiful corner lot down a private driveway just off of Union Hill Road, this home offers seclusion at a value. Over 1,600 square feet of living space, with opportunity to expand into the unfinished daylight basement. Located on 2.2 acres, this mini-equestrian property is host to a 2-stall barn with tack/feed room adjacent to a small, level pasture. Hazelnut trees, mature growth evergreens, and the soft cadence of flowing water from a nearby creek make this a haven for nature lovers. Large outbuilding with a brand new roof for your trailer, boat and/or other toys. Bring your hammer and make this a sanctuary for you and your animals!

List Price: $300,000
MLS#: 89861
Address: 6705 238th Ave NE, Redmond WA 98053
Bedrooms: 3
Bathrooms: 2.25
Square Feet: 1610
$/Square Ft: $186.34
Lot Size: 2.2 acres
Year Built: 1967
School District: Lake Washington
Elementary School: Alcott Elementary
Middle School: Evergreen Middle School
High School: Eastlake High School

To download the property flyer as a PDF, click on the link: UnionHill.pdf

[View with PicLens]

Call Jesse Moore at 425.876.0766 for more information.

Pickett Street

All the things short sales are. And those that they are not.

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NEW LISTING: Snohomish Rambler

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NEW LISTING: Short sale home in Bellevue across from Kelsey Creek Park

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NEW LISTING! Home.Horses.Hobbies!

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NEW LISTING: Gardeners Haven in Woodinville

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NEW LISTING! 3-Bedroom Townhome near Silver Lake

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NEW LISTING! Kirkland Remodel!

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NEW LISTING! Murray Franklin resale in Maltby

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NEW LISTING! Mini-equestrian home on 2.2 acres on Union Hill in Redmond

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